Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

9 Responses to “10 Wednesday AM Reads”

This is truly amazing. A Stanford women student starts a company and now the company is worth 9 Billion. But the best part is who is on the board of the company, it is probably the biggest and best connected board ever.

“Still, Holmes has convinced a lot of people that she’s onto something. She has assembled what, in terms of public service at least, may be the single most accomplished board in U.S. corporate history. It includes former U.S. Secretary of State, Treasury, and Labor George Shultz; former Secretary of Defense Bill Perry; former Secretary of State and National Security Adviser Henry Kissinger; and former U.S. Senators Sam Nunn and Bill Frist (who is also a heart transplant surgeon), among others.

As a bonus, board meetings are also attended by the company’s de facto legal adviser at large, trial lawyer David Boies. At 73, Boies may be the most eminent living trial lawyer, when one tallies up such cases as his civil antitrust prosecution of Microsoft from 1998 to 2000, his role in the historic Bush v. Gore matter of 2000, and his fight to legalize same-sex marriage.”

This young lady really has something special to sell. Trust me this show will be fun to watch.

you mean that some one has noticed that consumers almost 99% employees?
and that with wages basically static if not falling that the economy cant grow?
course now there is a lot of resistance to in business as while sales are falling profits are high. and raising wages might lead to more customers, profits would take a hit first. and there is no guarantee that later profits would improve

The 26th annual National Geographic Traveler Photo Contest is under way, and entries will be accepted for just one more week — until June 30, 2014. First prize winner will receive an 8-day Alaskan expedition for two. National Geographic was once again kind enough to allow me to share some more of the entries with you here, gathered from four categories: Travel Portraits, Outdoor Scenes, Sense of Place, and Spontaneous Moments. Photos and captions by the photographers. [28 photos]

Quick Fact 761: “Soccer” was once a popular name for Football in Britain in the sport’s earliest days. When the rules for the sport were first being defined, it was named “Association Football” to distinguish it from the other forms of football commonly played. Within a year of its inception, this got slurred down to “Assoccer,” after the common practice of adding “-er” to nicknames at the time in Britain. Very shortly after this, “Assoccer” became “Soccer,” which remained a semi-popular nickname for the sport in Britain until about a half century ago, along with just “Football.” The game initially spread throughout the world primarily known as “Football.” However, in countries where other forms of football already were dominate, the nickname “Soccer” was, and in some cases still is, the preferred name for this reason.

Quick Fact 762: Frenchman Just Fontaine holds the record for most World Cup goals in one tournament from 1958 when he scored an astonishing 13 goals. For reference, the top scorer in the history of the World Cup, Brazilian Ronaldo, scored a total of 15 times participating in four different World Cups.

“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.

When you won, you divided the profits amongst you, and when you lost, you charged it to the bank.

You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin!

You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!”

Andrew Jackson, On the Bank of the United States

“…supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.”

John Kenneth Galbraith

Recovery. For some.

I am not sure what is trickling down in this recovery. It is not oats, or wealth.

But I am fairly sure that I know why the recovery is so disjointed and selective.

It is one of the oldest stories. It is about the abuse of privilege, of foolish people led in herds shouting slogans crafted by the clever and the unscrupulous, of the treacherous and self-destructive fury of unbridled greed.

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About Barry Ritholtz

Ritholtz has been observing capital markets with a critical eye for 20 years. With a background in math & sciences and a law school degree, he is not your typical Wall St. persona. He left Law for Finance, working as a trader, researcher and strategist before graduating to asset managementRead More...

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"The largest Asian central banks have gone on record that they are curbing their purchases of US debt. And they are also diversifying their huge reserves, steadily moving away from the dollar. The risks have simply become too many and too serious." -W. Joseph StroupeEditor, Global Events

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